No. of Recommendations: 21
I don't think there will be many who will buy into that free money thing. Who doesn't like the idea of free money but wouldn't it be hugely inflationary? If everyone were given $12,000 doesn't that pretty much mean that everything would go up in price pretty much by $12,000? Sort of like in Germany when it took a wheelbarrow of money to buy a loaf of bread? Let's face it the government can print all kinds of money but if there isn't anything to back it it has no value?


If you gave a $12,000/yr. payment to poor people, I think you'd see a wave of business investment and jobs created to cope with the increased demand. Poor people tend to spend all the money they get -- that's why they're poor.

If you took the same trillion dollars and give it to wealthy folks as a tax cut, all you're going to get is some financial paper shuffling like an increase in corporate stock buybacks. That's not creating any jobs.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.